TLDR
Many altcoins have entered the "relief rally" and are up 20-40% from their lows. There are three reasons why such a rise is possible: correlation between the price of the altcoin and the price of the underlying asset. For most DeFi altcoins, a -30% drop in ETH will cause the token to decline by about 50-70% - that's your "Beta coefficient" In this case, you need a stable and growing underlying asset to make the beta work in your favor. If ETH starts to fall, catalytic events at the token level matter less.via the TL;DR App
no story
